ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) reported that it anticipates that none of its 112 fixed income and equity ETFs will disburse a 2017 capital gain distribution. Michael L. Sapir, the CEO and Co-Founder, expressed that a major reason shareholders are attracted to Exchange Traded Funds is tax efficiency, so they are delighted to provide one of the most tax-efficient Exchange Traded Funds line-ups in the market. For the fourth successive year, their management offered zero capital gain distributions to the investors of all 112 of company’s fixed income and equity funds.
Capital gain distribution projections are subject to change. The capital gains distribution dates for quarterly income dividends are posted at ProShares.com. Income and Capital gain distribution amounts will differ from year to year. ProShares reported that for specific tax advice, the company recommends that shareholders get advice from a qualified expert.
ProShares Ultra has remained at the forefront of the Exchange Traded Funds revolution since 2006. The company now provides one of the leading lineups of ETFs, with assets of more than $29 billion.
It is the leader in plans such as dividend growth, leveraged and inverse. The company continues to innovate with different products that offer tactical and strategic opportunities for shareholders to enhance returns and manage risk. ProShares are usually non-diversified and involve certain risks, including risk related with the use of derivatives, imperfect benchmark correlation, market price and leverage variance. All of these factors can increase volatility and lower performance.
In the last trading session, the ETF price of ProShares Ultra gained more than 1% to close the day at $10.16. The gains came at a volume of 18.38 million compared to average share volume of 27.04 million. After the recent gains, the net asset value of ETF was noted at 10.09.